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View More Press Releases by Aon Corporation

Press release:

New Analysis From Aon Hewitt Paints Rocky Retirement Picture for Younger Workers

Issued by: Aon Corporation

Date: Dec. 10, 2010

While Fewer Benefits and Higher Health Care Costs Mean Generation Y Workers Need to Save More, Most Likely to be Ill Prepared for Retirement

LINCOLNSHIRE, Ill., Dec. 10, 2010 -- Stagnant wages, job insecurity and a steady decline in pension plan and retiree medical benefits have jeopardized the retirement security of many workersóbut to different degrees. A new analysis by Aon Hewitt, the global human resource consulting and outsourcing business of Aon Corporation (NYSE: AON), reveals that Generation Y workers (those ages 18 to 30) may be most at risk from these trends despite having the most amount of time to save. Due to lack of participation in defined contribution plans, low savings rates and high rates of cashouts, eight in ten Generation Y workers will not meet all of their financial needs in retirement unless they significantly improve their saving and investing behaviors.

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View More Press Releases by Aon Corporation

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